Efficiency retrofits can be a challenge. See how Efficiency Capital makes it easy to save and increase building value.
CONDOS & HOUSING
- Reduce your monthly maintenance fees and protect your reserve fund
- No hassle investment approach - no borrowing requirement for building owners
- Preserve your capital to invest in your core business
- Increase your buildings asset value
- Implement energy savings measures with longer payback periods using our capital
- Reduce operating costs while preserving capital
- Increase net income by reducing utility expenses with no upfront investment
- Meet corporate sustainability objectives
WHAT WE PROVIDE
Design, invest, install, manage & insure energy building upgrades
Efficiency Capital (EC) increases asset value of buildings by investing in tax efficient performance guaranteed energy upgrades
ONE STOP SOLUTION
Our team of financial, engineering and project management professionals have developed a structured approach that mitigates design and implementation risk and ensures improved performance and reduced energy consumption while generating sustainable financial savings.
NO UPFRONT CAPITAL
EC’s investment solution provides building owners the opportunity to significantly improve building performance without affecting the balance sheet.
As an independent provider, EC allows the use of a number of pre-selected engineers as well as flexibility on choice of equipment from reputable suppliers. Building owners receive the best technology at the most competitive prices
PAY ONLY FOR RESULTS
EC reduces the financial risk of energy efficiency projects through its insured energy savings warranty program. For the duration of the project, EC or one of its partners will measure and verify the performance of the energy upgrade using the most recognized independent protocol (IPMVP).
STRATEGIC CHANNEL PARTNERS
BEST IN CLASS
ENERGY MANAGEMENT PROVIDERS
HOW IT WORKS
Only four steps to shrinking your utility bill, eliminating wasted energy, and reducing your carbon footprint. EC provides a seamless, single-source solution as our team designs, finances, installs, manages and monitors your building retrofit.
STEP ONE: AUDIT
EC and its partners work with you to identify and develop a customized approach that meets your financial and technical needs. Through a structured screening process, EC helps you select an engineer and identify the project's technical and financial viability. Once an audit is conducted, the data is used to create a finance-able project.
STEP TWO: INVESTMENT
EC creates a financial model based on the information received from the audit. EC works with the building owner to create the most viable shared savings agreement. EC draws up a Letter of Intent describing the financial terms and conditions of implementing the energy efficiency upgrade best suited to the building’s needs. The Energy Savings Performance Agreement (ESPA) is a unique non-debt investment solution that covers building upgrade costs while decreasing your operating expenses.
Repayment is equal to, or less than, the energy savings. The project must be repaid in full within 10 years based on the energy savings. Once the terms and conditions of the ESPA™ are completed – over a period of seven to 10 years on average – the building owner retains 100% of the energy savings.
STEP THREE: INSTALLATION
Following acceptance of the contract, the engineer procures and manages the entire installation process. Installation times vary depending on the size of the project, with most multi-measure projects taking three to five months.
STEP FOUR: MEASUREMENT AND VERIFICATION
For the duration of the contract, EC and its partners measure and verify the performance of the energy upgrade project using the most recognized independent protocol (IPMVP). Quarterly reports are provided to the building owner demonstrating the energy and cost savings.
WOODGREEN COMMUNITY HOUSING
Efficiency Capital developed, invested and managed a multi-measure efficiency retrofit across eight of WoodGreen’s 12 buildings, allowing the organization to focus on delivering core services while maintaining quality housing.
The comprehensive efficiency retrofit project is the first-ever in Canada to receive Investor Ready Energy Efficiency (IREE) certification, based on the Investor Confidence Project (ICP) framework.
PROJECT COST: $3,400,000
OPEX REDUCED: 17%
CO2 REDUCED: 250 TONNES
KEELE RAVINE CONDOMINIUMS
Our efficiency retrofit project Keele Ravine with a new way to finance and manage short- and long-term asset deficiencies, helping reverse a depleted reserve fund and disrepair issues across its 40+ year old 9-storey building and several 2-storey townhouses.
PROJECT COST: $550,000
OPEX REDUCED: 18%
CO2 REDUCED: 101 TONNES
Efficiency Capital helped the Albany Club unlock enough capital to pay for a range of high impact building upgrades in its historic 125+ year-old building in downtown Toronto. We helped negotiate alternative financing strategies and determine the best path forward, leveraging future energy savings and available incentives to pay for immediate upgrades.
PROJECT COST: $470,000
OPEX REDUCED: 35%
CO2 REDUCED: 19 TONNES
SCARBOROUGH HEIGHTS CO-OP
A multi-measure energy efficiency retrofit project, financed through the Energy Savings Performance Agreement (ESPA) approach provided Scarborough Heights with multiple financial and environmental savings throughout its 12-storey building.
PROJECT COST: $600,000
OPEX REDUCED: 20%
CO2 REDUCED: 70 TONNES
Efficiency Capital (EC) works with owners of commercial, industrial and multi-residential buildings, coordinating with landlords and institutions to enhance their asset values by installing performance guaranteed energy efficiency upgrades. EC allows property owners and asset managers to increase overall building profit by realizing savings on operating costs and achieving significant declines in greenhouse gas emissions associated with energy consumption.
EC is a single-source provider of comprehensive, well-managed solutions that ensure the highest standards in building energy efficiency. The EC team supervises the engineering, investment, installation, and monitoring of energy upgrade projects. EC earns back its capital and professional services investment by sharing the clients’ utility cost savings.
EC is well positioned to serve a dynamic real estate market where reducing operating costs by lowering utility expenses is a competitive advantage, augments a building portfolio’s financial returns and boosts metrics associated with sustainability. The Atmospheric Fund is a strategic capital partner.
THE ATMOSPHERIC FUND
The Atmospheric Fund (TAF) is a regional climate agency that invests in low-carbon solutions in the Greater Toronto & Hamilton Area and helps scale them up for broad implementation. TAF is an experienced leader and collaborates with stakeholders in the private, public and non-profit sectors who have ideas and opportunities for reducing carbon emissions. Supported by endowment funds, TAF advances the most promising concepts, particularly those that offer benefits beyond carbon reduction such as improving people’s health, creating new green jobs, boosting urban resiliency and contributing to a more fair society. TAF developed the ESPA™ and incubated Efficiency Capital to advance the ESPA™ model across various client segments. For more information about TAF, visit TAF’s website at TAF.ca
BOARD OF ADVISORS
BUILDING ENERGY UPGRADE
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OUR MAILING ADDRESS
Efficiency Capital (EC) Inc.
P.O. Box 64007
Royal Bank Plaza, 200 Bay Street
Toronto, ON M5J 2T6